Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Thursday gained for a third straight day, driven by short-covering following renewed optimism for cash prices by Friday, traders said. December and February contracts broke through their respective 10-day moving averages of 102.90 and 104.86 cents, which triggered fund buying. December live cattle closed 1.025 cents […] Read more
U.S. livestock: CME live cattle futures climb as cash price outlook improves
Record U.S. hog slaughter puts pressure on Canadian pork prices
Reading Time: 1 minute CNSC/Winnipeg – A record week for U.S. slaughterhouses is weighing on hog prices in Canada. According to the USDA, hogs slaughtered under federal inspection for the week ended November 5 were pegged at 2.532 million head, which is an all-time record. That number is also up 7.2 per cent from the 2.362 million head processed a […] Read more
U.S. livestock: CME live cattle futures shrug off early losses
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Wednesday after bargain buying and cash price expectations offset initial selling, said traders. CME cattle and hog market participants at first sold futures after Donald Trump unexpectedly won the U.S. presidential election on Tuesday. “People are still concerned about what a Trump administration would […] Read more
U.S. livestock: Bargain buying reverses CME live cattle futures skid
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures rallied on Tuesday as strength from bargain buying and short-covering ended the market’s four-session slide, said traders. They said futures garnered more support from fund buying after contracts broke through technical resistance levels. Most actively traded December live cattle closed 0.950 cent per pound higher at 102.600 […] Read more
U.S. livestock: CME live cattle futures losses mount; hogs rally
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures closed lower for a fourth straight session on Monday, led by initial technical selling and a retreat in wholesale beef values, said traders. Most actively traded December live cattle closed 1.075 cents per pound lower at 101.650 cents, and settled nearly par with the 40-day moving average […] Read more
U.S. livestock: CME live cattle, hog futures extends losses
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures on Friday settled in negative territory for the third straight day after cash prices fell short of investors’ expectations, said traders. CME live cattle losses mounted after falling below technical support levels, which triggered sell stops and fund liquidation. Most actively-traded December live cattle closed 1.350 cents […] Read more
U.S. livestock: Live cattle, hog futures stumble on profit-taking
Reading Time: 2 minutes Chicago/Reuters – Chicago Mercantile Exchange live cattle futures finished lower on Thursday, hit by profit-taking and early-session technical selling, traders said. Investors sold the October contract and simultaneously bought deferred months, in a trading strategy known as bear-spreading. Most actively traded December live cattle closed 1.300 cents per pound lower at 104.075 cents, and February […] Read more
U.S. livestock: Hogs surge on technical buying, cattle mostly higher
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hog futures soared three per cent on Wednesday, rebounding on technical buying from the steep losses seen in the previous session, traders and analysts said. Cattle futures also were mostly higher, even as some contracts edged slightly lower after hitting one-month peaks. Higher prices for wholesale beef […] Read more
Maple Leaf profit jumps by over 70 per cent
Reading Time: < 1 minute Reuters — Meat processor Maple Leaf Foods on Wednesday reported a 70.4 per cent jump in quarterly profit as lower costs and higher prices boosted earnings at its prepared meats business. Maple Leaf said adjusted operating earnings in its meat products unit, the company’s primary source of income, more than doubled to $65.93 million in […] Read more
PED outbreaks slow, but still top of mind in Ontario
Reading Time: < 1 minute Swine Health Ontario dedicated its recent annual Big Bug Day to continuing toward the goal of eradicating porcine epidemic diarrhea (PED) from Ontario. Martin Misener, a vet and chair of the Ontario Swine Health Advisory Board, challenged the hog industry to not get complacent about stopping PED. Misener noted he had heard from people who […] Read more
A message from April Stewart, Country Guide's Associate Editor
